Loknath Das, Author at Pinfaves

Investment planning: Why you need to look at recurring deposits

October 31, 2018 Loknath Dasat, Deposits, investment, look, Need, Planning, recurring, to, Why, You

Recurring deposit (RD) is a form of term deposit offered by banks and post offices through which a fixed amount can be deposited periodically by individuals. This is one of the highly popular and risk free investment opportunities for retail investors. Let us discuss below why one should invest in recurring deposits and factors to be considered while opening the same. Advantages All major banks across the country offer an option to open a recurring deposit account, with the term typically ranging between six months and 10 years, providing individuals…

India tops as Asia’s most investment savvy economy: StanChart

October 30, 2018 Loknath DasAs, Asia’s, economy, India, investment, Most, savvy, StanChart, Tops

India is Asia’s most investment savvy economy and more than two-thirds of the country’s affluent class prefer to use various investment products to achieve their financial goals and greater social mobility, says a study. According to a new Standard Chartered study of 11,000 emerging affluent consumers across Asia, Africa and the Middle East, 68% of Indian people belonging to this segment are using investment products to achieve their financial goals, as compared to an average figure of 57%. For the purposes of this study ‘investment products’ refers to fixed income…

Samar Lifestyle eyes Rs 350 Cr turnover from Florsheim biz

October 29, 2018 Loknath Das350, biz, Cr, Eyes, Florsheim, From, lifestyle, Rs., Samar, turnover

Samar Lifestyle, which will sell the Florsheim brand of shoes in India, is eyeing a Rs 350 crore turnover by 2022 through multi brand outlets and Exclusive Brand Outlets, a top company official said. The agreement between the company, part of the Sara Futura Group and Weyco Group to sell the brand, was formalised between Sara Group Managing Director Kayum Dhanani and Weyco Group CEO Tom Florsheim Jr in January 2018. “Our idea is the licensing and retailing business.We want to sell around half a million pair of shoes in…

Gold investment demand returns, but rising dollar is a major hurdle

October 28, 2018 Loknath Dasa, but, Demand, dollar, Gold, hurdle, investment, Is, major, returns, Rising

Crude oil prices slipped nearly 3 percent as the Saudi Arabian energy minister said it will keep the market well supplied. Moreover, the Saudi Arabian OPEC governor said on October 25, the oil market could be over-supplied in the fourth quarter. During the week gone by, such statements kept the sentiment in oil market bearish. Next week, the US will release its non-farm payrolls and core PCE price index. It would be interesting to see which direction the yellow metal is pulled. The latest plunge in equity prices and the spike…

Clear signs of investment recovery, upturn may last to up to 2022-23: RBI paper

October 27, 2018 Loknath Das2022-23:, Clear, investment, last, May, of, Paper, RBI, Recovery, signs, to, Up, upturn

There is growing evidence suggesting a definite upturn in investment activity in India since 2016-17, a latest RBI paper has said. The upturn in the current investment cycle is estimated to last up to 2022-23 when the investment rate is estimated to increase up to 33 percent of GDP from the current level of 31 percent. However, this will require policy efforts on multiple fronts such as further improving ease of doing business, expediting resolution of stressed assets, addressing the NPA problem and speeding up implementation of stalled projects, said…

Market volatility: Should you revisit your equity investment strategy?

October 26, 2018 Loknath Dasequity, investment, Market, revisit, Should, strategy, volatility:, You, Your

The BSE Sensex has tanked over 4,000 points since its all-time high of 38,989 in late August. The volatility has been pronounced in recent weeks. Ever since the IL&FS crisis spooked the market, followed by news of DFHL likely to face liquidity issues, the market has seen a roller-coaster ride. Each time hope is rekindled with a couple of days of small rise in the indices, the trend is reversed by adverse news flow on liquidity conditions in the market. The sudden and sharp slide has come a rude reminder…